Plan Ledger DOL Form 5500 · updated monthly

Piedmont Access to Health Services, Inc.403(b)

PIEDMONT ACCESS TO HEALTH SERVICES, INC. 403(B) PLAN · DANVILLE, VA · plan year 2024

Reported admin expense ratio · 2024
0.76%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Piedmont Access to Health Services, Inc. reported $61,209 in plan administrative expenses for 2024: 0.76% of average plan assets, above the peer median. Employer contributions averaged $1,321 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.23% to 0.76%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Virginia (1,509th of 2,266), and the 5,949th of 11,911 in health care & social assistance. In 2024, employees put in $2.50 for every $1.00 the employer contributed; active participation has grown from 277 to 335 since 2022.

Plan summary
Net assets, end of year$9,280,146
Participants with balances310
Active participants335
Employer contributions$442,454
Employee contributions$1,105,741
Employer contribution per active participant$1,321
Average account balance$29,936
Benefits paid to participants$237,995
Plan auditQualified audit opinion
AuditorROBINSON FARMER COX ASSOCIATES, PLL
Plan history3
Yearassets · accounts · employer contribution
2024$9.3M · 310 accts · $442K emplr
2023$6.8M · 281 accts · $380K emplr
2022$4.7M · 140 accts · $252K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,697
Investment management$30,512
Total administrative$61,209
Employer contributions to the Piedmont Access to Health Services, Inc. plan · 2024
Employer contribution per active participant$1,321
Median for plans this size$1,313
2024$1,321 per active participant
2023$1,196 per active participant
2022$909 per active participant

Piedmont Access to Health Services, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$30,697
FIRST CITIZENS BANK AND TRUST COMPA · Investment advisory (plan)$30,512

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$61,209 · 0.76%
2023$54,110 · 0.94%
2022$10,684 · 0.23%
Similar plansHealth Care & Social Assistance · Virginia
Blue Ridge Hospice, Inc. VA$8.9M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 542026502 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.